Just Dial ends 2% down after co plans to buy back shares worth Rs 160 crore
The company will buy back the shares at a maximum price of Rs 1,550 apiece, it said in a filing to BSE.
By ET Online | Updated:
NEW DELHI: Shares of Just Dial ended about 2 per cent down after surging over 4 per cent as the local search engine announced its plans to buy back shares worth Rs 160 crore.
The stock settled at Rs 770, down 1.87 per cent.
The company will buy back the shares at a maximum price of Rs 1,550 apiece, it said in a filing to BSE.
"We have earmarked Rs 100 crore for launch of Search Plus services," said Ramkumar Krishnamachari, CFO of Just Dial in an interview with ET Now.
"We will launch Search Plus services in next 1-1.5 months," added Krishnamachari.
The stock settled at Rs 770, down 1.87 per cent.
The company will buy back the shares at a maximum price of Rs 1,550 apiece, it said in a filing to BSE.
"We have earmarked Rs 100 crore for launch of Search Plus services," said Ramkumar Krishnamachari, CFO of Just Dial in an interview with ET Now.
"We will launch Search Plus services in next 1-1.5 months," added Krishnamachari.
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